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Korea’s CJ ENM Hong Kong is partnering with Taiwanese telco Far EasTone Telecom, broadcaster TVBS and Taiwan Creative Content Agency (TAICCA) to launch a $30M (NTD960M) fund to invest in Mandarin-language content. The new five-year Taiwan-Korea ‘Enjoy Entertainment Fund’ will invest in IP exchange and Mandarin-language content production and investment, supporting any formats that showcase local Taiwanese and Korean narratives; as well as talent development and distribution of finished contents locally and internationally. The fund’s launch ceremony took place today at Taiwan Creative Content Fest (TCCF), attended by Taiwan’s Minister of Culture Li Yuan; along with Sean Cho, Executive Vice President, Head of Global Business Division CJ ENM; Sheena Liu, President of TVBS; and Chee Ching, President of Far EasTone Telecom. “This fund embodies our belief that cross-border collaboration is the key to making Asian content global,” said Cho in his opening address. “In the long-term, our vision is to empower Taiwanese IP to travel beyond borders, fostering new corporate productions, adaptations and remakes that allow Taiwan’s unique stories to resonate worldwide. What makes this fund even more meaningful is its mission to revitalize Taiwan’s creative ecosystem, not just through production support, but by nurturing talent, fostering co-productions, and building sustainable creative partnerships rooted in Taiwan’s deeply resonated IPs and rich cultural heritage.” CJ ENM is already forming a global footprint through distribution of its Korean content internationally, through its investment in Fifth Season in North America and via partnerships with major players in Japan. CJ ENM Hong Kong, which has offices in Hong Kong and Singapore, is already involved in producing content in various languages across Southeast Asia. The alliance with Taiwanese partners aims to combine the core strengths of each partner beyond monetary contributions: CJ ENM HK’s international production and distribution network, TAICCA’s local IP and industry knowledge, FET’s digital innovation and technology capabilities, and TVBS’s broad media reach and production expertise. The establishment of the fund follows the memorandum of understanding (MoU) signed at TCCF in 2023 between TAICCA, CJ ENM HK, Far EasTone Telecommunications and TVBS Media.
